Day: January 5, 2022

Canaan Expands Mining Operations in Kazakhstan Amid Power Deficit, Protests – Mining Bitcoin News

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Hardware manufacturer Canaan is expanding its crypto mining operations in Kazakhstan. The company is now cooperating with a number of mining firms there and has already deployed over 10,000 pieces of hardware despite the country’s challenges with electricity supply. Increased energy prices have also provoked protests that could potentially affect the industry. Canaan Secures Mining Agreements With Companies in Kazakhstan China-rooted producer of coin minting equipment, Canaan, has announced it has entered into collaboration agreements with multiple crypto mining companies in Kazakhstan. Amid an ongoing crackdown on the crypto mining…

3 reasons why Cosmos (ATOM) price is near a new all-time high

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Blockchain network interoperability is shaping up to be one of the main themes for the cryptocurrency ecosystem in 2022. New users are continuing to onboard into the growing world of crypto while both new and established projects search for the chain that will best serve the needs of their protocol and community.  One project that has 2022 off to a bullish start thanks to its focus on facilitating the communication between separate networks is Cosmos (ATOM). This project bills itself as “the internet of blockchains” and seeks to facilitate the…

Based On A Twitter Poll, Airbnb Users May Get Crypto Payment This Year

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Brian Chesky, CEO of Airbnb has hinted that the popular travel home-booking company may soon accept crypto payments based on a recent Twitter poll. Chesky Says Users Want Crypto A growing number of businesses are making crypto payment available to their customers. However, some businesses are taking an unusual approach to cryptocurrency adoption. The #1 feature users are requesting in 2022, according to Airbnb CEO Brian Chesky, is the feature to pay for bookings in cryptocurrencies. “If Airbnb could launch anything in 2022, what would it be?” Chesky tweeted over…

Australian Open Apes Into Tennis NFTs and Decentraland Too

“We’ve always been known as one of the most innovative and entertaining events on the calendar,” Plummer told CoinDesk in an interview. “It’s a festival of entertainment as much as a tennis tournament, some people spend eight or nine hours at the Australian Open and don’t even see a tennis ball. Going into the metaverse was the next logical step in that progression.” Source

Dacxi Announces Global Tokenized Crowdfunding Solution

PRESS RELEASE. Dacxi has announced the Dacxi Chain – the world’s first tokenized crowdfunding system that demonstrates the revolutionary commercial potential of blockchain. Tokenization of digital assets will change how the world does business – in particular how new ventures are funded. Introducing the world’s first tokenized crowdfunding system – the unique trillion use-case of the Dacxi Chain – the latest crypto-based wealth building innovation from Dacxi Coin. A share of a $24 trillion market IBM estimates that the digital assets market will be worth $24 trillion USD by 2027.…

Bitcoin price drops to $43.7K after Fed minutes re-confirm plans to hike rates

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Bitcoin (BTC) and the wider cryptocurrency market fell under as equities markets pulled back at the closing bell after minutes from the Federal Reserve’s December FOMC meeting showed that the regulator is committed to decreasing its balance sheet and increasing interest rates in 2022. As stock markets corrected, BTC price followed suit by dropping below $44,000, setting off a cascade of liquidations that reached $222 million in less than an hour.  Total liquidations. Source: Coinglass Data from Cointelegraph Markets Pro and TradingView shows that after oscillating around support at $46,000…

Bitcoin Dips Below $44K, Crypto Economy Drops 4.5%, Traders Rush to Stablecoins – Market Updates Bitcoin News

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Jamie Redman Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 5,000 articles for Bitcoin.com News about the disruptive protocols emerging today. Original

Market Wrap: Bitcoin Dips as Dominance Over Ethereum Shrinks

Bitcoin was down about 4% over the past 24 hours along with equities on Wednesday. The intraday sell-off occurred after the U.S. Federal Reserve pointed to a possible interest rate hike in March, which is sooner than many had expected. But despite the price dip, some analysts expect BTC will stabilize in a range of between $40,000 and $50,000, which could keep volatility low. Others are looking to alternative cryptocurrencies (altcoins) such as ETH, LINK, ICP, FTM that have outperformed BTC over the past week. For example, some decentralized finance…

Moneygram buys 4% stake in crypto ATM operator Coinme

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Money transmission network MoneyGram now has a minority investment in crypto ATM operator Coinme following a Series A funding round. In a Wednesday announcement, MoneyGram said it had purchased a roughly 4% ownership stake in Coinme — likely more than $764,000, given its valuation of $19.1 million in June — as part of a strategic investment in the crypto company. The investment follows a May 2021 partnership between the two firms aimed at expanding access to crypto-fiat exchanges. “We continue to be bullish on the vast opportunities that exist in…

Defi Lending Startup Aave Launches Permissioned Platform to Entice Financial Institutions – Defi Bitcoin News

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On January 5, the open-source non-custodial decentralized finance (defi) lending platform Aave launched a permissioned version of the protocol aimed at institutions. The platform dubbed Aave Arc will leverage Fireblocks as the first whitelister as the platform aims to help bridge traditional financial institutions with defi. KYC-Centric Defi Liquidity: Aave Launches Aave Arc Permissioned Protocol for Financial Institutions Aave has launched a permissioned platform called Aave Arc on Wednesday, a new protocol dedicated to financial institutions that want to particpitate in defi in a compliant manner. Aave is a popular…